We are a trading company,

we have purchased silver plated items (Puja Thalis) from M/s. A & Co,

The dealer has charged VAT @ 4% to us,

We in turn have sold this goods by charging 4% VAT and 10% CST (full rate of tax)

We have claimed set off for VAT paid on purchases.

STO has not only disallowed the set off ( as they have included these items in schedule E and the dealer M/s. A should have charged VAT @ 12.50% and not 4%) but has asked us to pay 12.5% on our sale.

Is the STO justified ?

WHAT IS THE DEFINATION OF WCT AND WHITCH % CHARGES IN WHITCH ITEM

In case of liquor dealer the audit under MVAT is compulsory even if the sale is below 40 Lacs. In such cases whether VAt Auditor should conduct regular audit over and above vat audit and attache that report with Form No. 704? or else no statutory audit report is required to be attached in such cases?

VAT liability arises on booking basis or on actual receipt/payment basis?

if vat deposited instead of cst , can that vat so deposited be adjusted against due cst? please reply soon

sir,
if a dealer imports goods and then transfer to branches outside the state whether it will b taxable.
as u/s 11(3)b of gujarat vat act: dealer has to reduce its input tax credit on stock transfer at the rate of 4%.
kindly suggest me whether my imported goods transferred to outside branches will b taxable @4%.

A partnership firm was converted into Private limited company in 2005-06under chapter IX of company's act, 1956. MVAT Registration no. was taken for the erstwhile Partnership firm which was carried forward via ammendment for the company.
Will the company require new registration number ?
(The sales tax authorities are insisting for a new registration no. when the company approached them for the refund of sales tax.)

Dear Sir,
One of my client is running two businesses- a) transport sub contractor and 2) Wholesale distributor of telecommunication instruments. His total receipts from sub contracting during the year are approx 2 crores while those from telecom instruments trading is Rs. 7 Lacs Only. He is registered under MVAT Act, 2002 in respect of his trading business.
Gross receipts being more than Rs. 40 lacs he is liable to tax audit. But, since his receipts from taxable business under MVAT Act are less than the threshold limit; is he liable to audit under MVAT Act.(Total individual business receipts more than 40 Lacs)?
Please clarify.

Thanks in advance.

Sir,

I want to know what is Cenvat how it is calculated & on which commodity it is appicable?

Regards


Bhaskar

Dear Sir
Pl.Clarify me we are having Br.z in through out india in all states , what is the proceser for reg.of Professional tax and i require Professional Tax rates State wise. and which states are exempted from Professional tax. Pl. send me detailed information reg.above query
regds
suri